William Green is a journalist and author of Richer, Wiser, Happier: How the World’s Greatest Investors Win in Markets and Life.
Over the last quarter of a century, he has interviewed many of the world’s best investors and has written for many leading publications in the US and Europe, including The New Yorker, Time, Fortune, Forbes, Barron’s, Fast Company, Money, Worth, Bloomberg Markets, The Los Angeles Times, The Boston Globe Magazine, The New York Observer, The (London) Spectator, The (London) Independent Magazine, and The Economist.
In Richer, Wiser, Happier, William Green draws conclusions on interviews that he’s conducted over twenty-five years with many of the world’s greatest investors. As he discovered, their talents extend well beyond the financial realm and into practical philosophy.
The most successful investors are iconoclasts who question conventional wisdom and profit vastly from their ability to think more rationally, rigorously, and objectively. But this is easier said than done when you are investing real money. Money you can’t afford to lose tends to be ‘hot’ or emotional. Pro gamblers try to avoid sitting down with more than they can lose but anyone investing all of their own hard-earned money is always sitting down with more than they can lose. Fear of losing more than you can afford to lose tends to make the mind go irrational. You start guessing.
You can’t tell the difference between a good idea and a bad idea. Investing decisions are not life and death decisions, but remaining rational in the face of intense emotions is an art that is learned in the trenches.
This week on InvestED, Phil and Danielle sit down to speak to William Green about investing, staying rational, and why you don’t need to be an expert to invest successfully.
Value investing requires staying rational. Learn what it takes to be a successful investor with Phil’s NEW Value Investing Cheat Sheet: https://bit.ly/3wpZKhF
Get a copy of William Green’s Richer, Wiser, Happier: How the World’s Greatest Investors Win in Markets and Life here: https://bit.ly/35kYlNK
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